Forward Industries, Inc. — Director's Dealing 2010

May 17, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD INDUSTRIES INC (FORD)
CIK: 0000038264
Period of Report: 2010-05-13

Reporting Person: CHISTE JOHN F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-05-13	Forward Industries Common Stock	M	10000	$1.8	Acquired	10000	Direct
2010-05-13	Forward Industries Common Stock	M	10000	$2.2	Acquired	20000	Direct
2010-05-13	Forward Industries Common Stock	S	20000	$4.51	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-05-13	Forward Industries Common Stock Options	$1.8	M	10000	Disposed	2019-02-11	Forward Industries Common Stock (10000)	Direct
2010-05-13	Forward Industries Common Stock Options	$2.2	M	10000	Disposed	2018-02-14	Forward Industries Common Stock (10000)	Direct

Footnotes

F1: 7,500 shares sold at $4.5301 per share for $33,975.75
2,500 shares sold at $4.45 per share for $11,125.00
2,500 shares sold at $4.5148 per share for $11,287.00
2,500 shares sold at $4.456 per share for $11,140.00
5,000 shares sold at $4.539 per share for $22,695.00

Total = 20,000 shares sold for a total of $90,222.75